In support of the government’s efforts to fight coronavirus Emaar Misr donates EGP 10 million towards Tahya Misr fund and the medical sector
Egypt has a special place in our hearts and this is the right time for solidarity and standing together to overcome this ordeal: Alabbar
12th of April 2020, Cairo, Egypt – Emaar Misr for Development, one of the largest real estate companies in Egypt and the developer of iconic projects such as Uptown Cairo, Marassi, Mivida and Cairo Gate announced that its board of directors approved the donation of EGP 10 million for Tahya Misr Fund and the medical sector, as an expression of solidarity with the Egyptian government in its fight against novel coronavirus pandemic.
The donation comes as a response to an initiative launched recently by Tahya Misr Fund, titled ‘We Participate to Overcome the Crisis’, which targets supporting irregular labor and the vulnerable families that were negatively impacted by the economic consequences caused by coronavirus, through offering them food staples and alleviating the pressures of costs of living.
Emaar Misr is also assisting the public medical sector, , through the purchase of artificial respirators and medical supplies needed for the treatment of those infected with coronavirus and for the protection of medical staff.
Mohamed Alabbar, Chairman of Emaar Properties, said: “At such difficult times, we find ourselves in a serious trial that we have not been through before. However, it should be seen as a stress test for our ability to continue working and stand together firmly, as well as an impetus for every individual to offer as much as possible to protect the lives of people and maintain their health. It is high time that we stand together and join hands to survive this ordeal with the least possible losses.”
Alabbar added: “Egypt has a special place in our hearts, and we are following with strong interest the measures taken by the Egyptian government to stem the spread of coronavirus. As Emaar Properties always seeks to become a model example in situations that require solidarity, it was vital that we partake in the various initiatives that affirm our commitment towards the communities in which we operate and towards our partners with the goal of overcoming this crisis.”
Emaar Misr earlier announced the continuation of phase two in its ‘Beyout El Kheir’ project, at a value of EGP 40 million, under the patronage of Ministry of Social Solidarity and in cooperation with Misr El-Kheir Foundation. It is a major development project that is being funded by the private sector inside Egypt, and through which Emaar Misr builds housing units for the deprived families, at a number equal to the units in the company’s projects in Egypt.